If you’re considering a Roth conversion, your timing and yearly planning can significantly reduce the tax bite, financial experts say. The popular retirement savings strategy allows higher earn...
Tag: Social issues
‘What do we do with all that talent?’ Older workers and the new economy
Did you catch the half-time show at the Super Bowl highlighting hip-hop artists Dr. Dre, Mary J Blige, and Snoop Dogg? The performance garnered high praise among critics and the audience (including me...
If you’re getting remarried, here are key financial issues to consider
kali9 | E+ | Getty Images You may want to consider some financial issues before walking down the aisle again. When it comes to tackling those financial issues around remarriage, financial advisors rec...
Should you super fund a 529 college savings plan? What experts say
Kevin Winter | Getty Images If you’re eager to jump-start an education fund, you may consider a larger, upfront contribution to a 529 college savings plan. While the average account balance was ...
How couples choose to handle money
DusanManic | iStock | Getty Images When it comes to handling money, couples have a choice: combine all of their accounts, keep them entirely separate or strive for something in between. But what is no...
What’s stopping Black-owned banks from thriving
Big banks and corporations like Yelp, Netflix, and Microsoft have announced major investments in Black-owned banks. Yet Black banks are far from thriving. Americans who identify solely as Black or Afr...
Supreme Court lets GOP Kentucky attorney general defend abortion law
The U.S. Supreme Court building is seen January 24, 2022 in Washington, DC. Drew Angerer | Getty Images The Supreme Court ruled Thursday that Kentucky’s Republican attorney general can step in t...
How to score a tax write-off for 2021 donations if you don’t itemize
If you’re one of the millions of Americans who gave to charity in 2021, you can still claim a write-off on this year’s tax return. There’s a deduction for cash gifts up to $300 for ...
When it comes to a will or estate plan, don’t just set it and forget it
Spanic | E+ | Getty Images There are some obvious triggers that might prompt you to update your will, such as changes in health or marital status. There are, however, also some not-so-obvious ones to ...
Taking a pay cut? Here’s how to revise your budget for a lower salary
Ricardo Mojana | Getty Images About 47 million workers left their jobs in 2021 amid the ‘Great Resignation.’ Many of them did so for less pay. Last year, 53% of workers who left their jobs...
27-year-old earns $650,000 a year in LA, is on her way to $1 million
This story is part of CNBC Make It’s Millennial Money series, which details how people around the world earn, spend and save their money. When Lauren Simmons introduces herself to new people, sh...
Why health-care costs are rising in the U.S. more than anywhere else
Health-care spending is rising around the world, but the U.S. is the worst performer. The United States accounts for more than 40% of all global health spending. Health-care spending made up 5% of tot...
Why pro sports have never had a Black commissioner
Big Ten Commissioner Kevin Warren looks on during the Big Ten Championship Trophy ceremony Game after the Michigan Wolverines defeated the Iowa Hawkeyes 42-3 on December 04, 2021, at Lucas Oil Stadium...
Black families are achieving upward mobility in high-opportunity areas
Families have long sought to move toward better neighborhoods and schools to put their kids on the pathway toward success. A study from the Census Bureau is providing fresh insight on where to look. I...
How to save money when picking your health insurance plan
Most Americans struggle to figure out which health insurance plan will save them money. A study of almost 24,000 employees at a major Fortune 100 company found that 61% of them chose the wrong plan fo...
Supreme Court takes up clash over Colorado law’s protection for same-sex weddings
A person walks down the sidewalk near the U.S. Supreme Court building in Washington, D.C., February 16, 2022. Jon Cherry | Reuters The Supreme Court on Tuesday agreed to hear a Christian website desig...
64% of unemployed men in their 30s have criminal records, a barrier to landing a job
Geri Lavrov | Moment | Getty Images More than half of unemployed men in their 30s have criminal records — a dynamic with implications for hiring practices and ongoing challenges finding workers during...
Black women entrepreneurs find niche in spirituality-inspired business
In 2020, the onset of the coronavirus pandemic changed the way many Americans worked, as companies closed their doors to limit workplace contamination. The uncertainty around Covid-19 caused people to...
U.S. government allows Mexican avocado imports to resume after brief suspension
Mexican avocados are seen for sale at a market in Mexico City on February 15, 2022. Pedro Pardo | AFP | Getty Images The U.S. Department of Agriculture announced Friday that imports of Mexican avocado...
Watch Bill Gates share his thoughts on how to end to the Covid pandemic
[The stream is scheduled to start at 11:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Bill Gates, co-chair of the Bill & Melinda Gates Foundation, joins CNBC&...
The five things they do with their money
Odds are high that you know at least one millionaire. More than 1% of the world’s adults have enough assets to fit the definition, according to the Credit Suisse 2021 Global Wealth Report. Chris...
Avocados will likely be more expensive due to Mexican import suspension
Avocados are pictured for sale at an outside fruit stall in the Manhattan borough of New York City, February 16, 2022. Carlo Allegri | Reuters Avocados will likely be in short supply and more expensiv...
IBM executives call older workers ‘dinobabies,’ discrimination lawsuit alleges
Executives at IBM IBM, -0.16% referred to the company’s older workers as “dinobabies” in internal email correspondence, according to a new age-discrimination lawsuit. These emails were submitted as ev...
QuickHire founders raised $1.4 million—their best career advice
Deborah Gladney, 34, and Angela Muhwezi-Hall, 32, are part of a small but growing club of million-dollar Black female founders. The sisters are the creators behind QuickHire, a hiring platform that co...
Mental health damage could last a generation
Medic with face mask. Haris Mulaosmanovic / EyeEm | EyeEm | Getty Images Aside from the obvious physical impacts of the Covid-19 pandemic, health professionals have told CNBC that many people are stru...
The Outlook for Housing, Malls, Workspaces, and Other Real Estate
Carly Tripp grew up playing in corn fields in Olney, Md., about 30 miles outside of Washington, D.C. But by the time she graduated high school, five grocery stores had popped up within a one-mile radi...
4 scams that may cost you this tax season
Brothers91 | E+ | Getty Images Tax season is underway — and the IRS is warning of a likely increase in scams targeting taxpayers. Agency officials are sounding the alarm on “IRS impersonation sc...
Canopy Growth Stock Jumps After Earnings, Despite Slowing Marijuana Sales
Text size Marijuana plants at a Canopy Growth facility in Ontario. Chris Roussakis/Bloomberg Canopy Growth‘s shares were jumping Wednesday after the Canadian cannabis company reported higher-than-expe...
Student loan borrowers who default may see child tax credit garnished
staticnak1983 | E+ | Getty Images Millions of parents who’ve defaulted on their federal student loans may get part of their child tax credit seized this tax season. The federal government has lo...
Drug overdoses cost the U.S. around $1 trillion a year, report says
November 30, 2021: OnPoint NYC has opened two supervised drug injection sites in the Harlem and Washington Heights neighborhoods in an effort to address the increase in overdose deaths. (Photo by Yuki...
First-generation Black wealth builders have to put themselves first
Klaus Vedfelt | DigitalVision | Getty Images The wealth gap between Black and white Americans has been persistent. That gap, of course, reveals the effects of accumulated inequality and discrimination...
Alphabet, Payal and Other Growth Stocks That Can Thrive in a Labor Shortage
Text size PayPal is among companies keeping employees happy, according to Just Capital. Justin Sullivan/Getty Images The inability to hire workers and a labor shortage is an oft-repeated concern from ...